People moves: McKenna named president of Fengate Real Estate

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Xlinks First, ADNOC, NCG, JLL, Fengate Asset Management, Hines, Primonial REIM, Stanhope, CBRE IM, LeadCrest Capital Partners

Fengate Asset Management – Jaime McKenna has been named president of Fengate Real Estate; Alison Kimmell has joined the firm as managing director for development and portfolio management for real estate; and Colin Catherwood has been named managing director of investments for real estate. Kimmell joins Fengate from Hines Toronto, where she led the development of CIBC Square. Prior to joining Fengate, Catherwood held senior investment leadership roles at Graywood, Welltower and Brookfield Financial. Under McKenna’s leadership, Fengate’s real estate business has grown significantly in the past five years. McKenna led several key initiatives including establishing an executive team, accelerating capital deployment, launching multiple growth funds and closing numerous key transactions on behalf of investors.

CBRE Investment Management – Sebastian Ehrhardt has been appointed country manager for Germany. He is taking over the role from Marius Schöner who held the dual position of country manager and head of the EMEA residential operator division. Schöner will remain part of the German management board but will focus on building out the residential platform in Europe, a strategic priority for the firm which has ambitious growth targets for the sector. Ehrhardt joined the firm seven years ago and has held various roles since then including investment manager for value-add investments, head of asset management for retail, and is a member of CBRE IM’s German management board. Ehrhardt will continue to hold his role as head of transactions for the DACH region.

Xlinks First – James Humfrey has been appointed CEO to lead the Xlinks Morocco – UK Power Project. Humfrey has 25 years of experience in leading international energy projects, most recently as EVP for growth and industry at ADNOC in Abu Dhabi. He also led ADNOC’s new energies division. He served on the boards of Infineum and Masdar Green Hydrogen. Previously, Humfrey held senior roles at Shell, with his last as SVP downstream M&A and prior to that he was in charge of global capital projects contracting and chemicals capital projects.

NCG – The technology infrastructure specialist has appointed Christopher Baldock as its new chair. Baldock has more than 40 years of experience working in senior roles in the technology, telecoms and energy sectors. Having been a sales and marketing director for Motorola Solutions and Atlantic Networks in the 1980s, he then held the role of managing director of Modular Technology between 1990 and 2003. Baldock has already acted as chair to nine different organisations over the past two decades, including 6G Internet Limited, CBiS Education, Solution Builders, Qunifi, Simply Mail Solutions, Super Cloud, Tute Education, Telcom Group and Horizon Electric UK. In his new role, Baldock will apply his extensive business leadership experience to help NCG scale at pace, guiding on commercial strategy, sales and operations.

Stanhope – Director Henry Williams is to retire end of April after 25 years with the company. During his time as a director at Stanhope, Williams has focused on the company’s speculative office development, with particular emphasis on the office product and leasing. Williams was part of the team that worked on creating Milton Keynes after which he held development director roles at The Carroll Group and Trafalgar House before joining Stanhope.

LeadCrest Capital Partners – Assi Toivakka Kelly has been appointed head of investments in the Nordics. Toivakka Kelly is responsible for sourcing and executing sale-leaseback investments. Prior to joining LeadCrest, she was a VP in a real estate investment and development business in Finland. Before that, she worked as a senior analyst at Victorian Funds Management Corporation in Melbourne, Australia, with a focus on unlisted real estate investments. Her earlier experience is in consulting in property economics at Urbis and capital markets advisory at CBRE.

Primonial REIM – The European real estate asset manager has created a business unit in Spain and appointed Felipe Pérez Agustín as head of its Madrid office. Agustín has been appointed as head of Primonial REIM Spain, under the leadership of Laurent Fléchet, chairman and CEO of Primonial REIM. Agustín will be responsible for sourcing new real estate investment opportunities, and overseeing the Spanish current assets portfolio. He will also be in charge of raising equity from Spanish institutional investors for Primonial REIM’s pan-European funds. Primonial REIM Spain is the seventh office for the Primonial REIM’s real estate platform, with teams already present in France, Germany, Italy, Luxembourg, UK and Singapore.

JLL – Tim Graham will assume the role of global lead – international and strategic capital for JLL capital markets business. He will remain based in Singapore, leading a global team of international capital coverage experts charged with servicing the diversified and sophisticated requirements of global investors in real estate. Since 2018, Graham has been based in Singapore where he has focused on managing investor clients entering and leaving the region as head of international capital coverage, Asia Pacific, a position he will retain in the new organisational structure. Before moving to Asia, Graham was national director – Central London Capital Markets. Graham had a stint with LaSalle Investment Management.